Red Oak, TX is a great place to live for those looking to invest in property. The housing median value in Red Oak is $321,900, which is slightly lower than the US house median value of $338,100. However, the 1 year house appreciation rate in Red Oak is 19.07%, much higher than the US's 8.27%. This means that buying a home in Red Oak can be quite a wise decision, as property values are likely to increase significantly over the next year.
The median home cost in Red Oak is $321,900. Home appreciation the last 10 years has been 160.4%. Home Appreciation in Red Oak is up 23.5%.
Average Age of Homes
- The median age of Red Oak real estate is 21 years old
The Rental Market in Red Oak
- Renters make up 28.4% of the Red Oak population
- 1.6% of houses and apartments in Red Oak, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.